US law firm files lawsuit against Loma Negra

Argentina/US: US law firm Howard G Smith has filed a class action lawsuit against Argentina’s Loma Negra on behalf of investors that purchased securities in the company’s initial public offering (IPO) in late 2017. The legal complaint alleges that the cement producer misled investors by: misrepresenting Loma Negra's exposure to a corruption scandal affecting its owner, Brazil’s InterCement; misrepresenting demand for Loma Negra’s products; misrepresenting the general state of the Argentine economy; and including references to known potential risks that had already happened.

Loma Negra launched its IPO in November 2017. Since then cement sales in Argentina have fallen year-on-year in the second half of 2018 and the general economy has floundered. The local competition body, the National Commission for Protection of Competition, also started an investigation into alleged collusion and coordinated behaviour in the cement industry in May 2018

13th Global CemFuels Conference & Exhibition 2019

The 13th Global CemFuels Conference & Exhibition on alternative fuels for the cement and lime industries will showcase the best alternative fuels projects and equipment from the cement industry in Europe and from around the world. Over 150 delegates are expected to attend, to learn from experts how to start to use - or to increase their use of - alternative fuels.